A US bank chairman has pleaded guilty to using bailout money given to rescue his firm to buy himself a luxury home.

Darryl Woods used $381,000 (£245,000) of the $1m given to his Mainstreet Bank to buy the Florida waterfront property.

_________________The best argument against democracy is a five-minute conversation with the average voter
Great Britain is a republic, with a hereditary president, while the United States is a monarchy with an elective king

I think something similar happened in the UK but nobody was prosecuted. Was asked to leave however._________________"Defeat is a state of mind. No one is ever defeated, until defeat has been accepted as a reality." -- Bruce Lee